Renaissance Capital logo

Cadence Bancorporation Priced, NYSE: CADE

Commercial bank with 66 locations in Texas and the Southeast.

Industry: Financials

First Day Return: +7.8%

Industry: Financials

Cadence Bancorporation is a bank holding company and a Delaware corporation headquartered in Houston, Texas, and is the parent company of Cadence Bank, N.A. Formed in 2009 by banking industry veterans, we secured $1.0 billion of capital commitments in 2010 and built our franchise on the heels of three successful acquisitions: Cadence Bank, N.A. in March 2011, the franchise of Superior Bank in April 2011 and Encore Bank, N.A. in July 2012. Today, we are a growth-oriented, middle-market focused commercial relationship bank providing a broad range of banking and wealth management services to businesses, high net worth individuals, business owners and retail customers through a network of 66 branches as of December 31, 2016, with branches in Alabama (25), Florida (14), Texas (12), Mississippi (11) and Tennessee (4). As of December 31, 2016, we had $9.5 billion of assets, $7.4 billion of gross loans, $8.0 billion in deposits and $1.1 billion in shareholder’s equity. We generated $65.8 million and $39.3 million of net income for the years ended December 31, 2016 and 2015, respectively.
more less
IPO Data
IPO File Date 03/17/2017
Offer Price $20.00
Price Range $19.00 - $21.00
Offer Shares (mm) 7.5
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/12/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $150
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Houston, TX, United States
Founded 2009
Employees at IPO 1,193
Website www.cadencebank.com

Cadence Bancorporation (CADE) Performance